[desine]

It was already going to blow up. Internationally, every country is in a credit hole so deep most will be unable to make interest payments in the next few years. The collapse was coming one way or the other, so the controlled demolition was chosen.

Whether you feel it was planned or not, the lockdowns did pretty much halt the velocity of money. Sure they printed a ton of social care money, but again the inflationary trap had already been set, it was the velocity that needed to be killed to buy some time.